The Car and Truck Fleet and Leasing Management Magazine

Crude Oil Price Increases Lead to Higher Prices at the Pump

November 25, 2007

WASHINGTON, D.C. --- The recent spike in retail gasoline prices can be "almost entirely ascribed to increases in the price of crude oil seen in recent weeks," the Energy Department's Energy Information Administration (EIA) said last week in its weekly newsletter. "It takes approximately three to six weeks for price changes in the crude oil market to completely filter through to prices at the retail pump," the EIA explained. "If we compare the average crude oil price for the last three weeks to the average crude oil price for the same three weeks in 2006, the price difference is about 85 cents per gallon, which closely matches the year-on-year increase we are seeing in retail gasoline prices."
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

Eddie Dame worked for Avis Rent-A-Car as the senior vice president and general manager of the worldwide car leasing division, retiring in 1986 after 40 years with the company.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher